-The Times of India LUCKNOW/ NEW DELHI/ JAIPUR: A day after Prime Minister Narendra Modi said in his I-Day speech that Nagla Fatela village in Hathras (Mahamayanagar) district of Uttar Pradesh had to wait 70 years to get electricity despite being barely three hours away from the national capital, the state power corporation (UPPCL) and the Union power ministry were battling the veracity of that claim. Senior UPPCL officials on Tuesday insisted...
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Double-whammy: inflation is rising, factory output is falling
-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
More »Time to rethink India’s rice policy -Prerna Sharma
-The Hindu Business Line Govt’s production and distribution processes are out of sync with consumption patterns Of late, with growing income and awareness about nutritious food, there has been a noticeable decrease in the consumption of rice (a high-carb food) in Indian households. This change in consumption pattern, however, is not reflected in India’s agriculture policy which continues to revolve around rice and wheat. Moreover, current policies related to production, procurement, storage...
More »New entrants in India's middle class: Drivers, carpenters, pani puri vendors -Hemali Chhapia
-The Times of India MUMBAI: India's middle class has seen new entrants. Pani puri vendors, dosa sellers, carpenters, welders, launderers, drivers and cable TV technicians have all pulled themselves out of the clutches of poverty and leapt into a section of the middle class — the bedrock of the economy. A paper titled 'The Rise of the New Middle Class and the Role of Offshoring of Services', co-authored by the head of...
More »21 die in Hyderabad govt hospital, staff blame power cut
-The Times of India HYDERABAD: The state-run Gandhi Hospital, a premier 1,200-bed medical facility in the city, is under a cloud after 21 patients died on Friday and the medical staff blamed power outages for the deaths. Some doctors said electricity first tripped around 3pm and then continued to do so at regular intervals. Although there were four generators on standby, the hospital claimed they had developed snags and could not be...
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